Grain futures are lower across the board the morning, pulling back in a retreat of many risk-sensitive markets around the world. Stocks sold off in Europe and Asia, and look ready to open lower on Wall Street today as well as investors shed risky investments and turn to safe havens like the dollar and gold. Soybeans sold off yesterday as USDA released 10-year projections for ag, reminding traders that the agency will update its 2017 statistical guesses next week at its outlook conference.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.